McHugh Corporation of Ireland and Enomoto Enterprises based in Japan have undertaken the production of a new electric car with rechargeable batteries that can be driven at high speeds for long distances.They have shared the investment,and each has contributed important technological expertise to the effort.These two firms have entered into a(n):

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The scenario described is an example of an international joint venture, as two firms from different countries have come together to produce a new product, sharing both investment and technological expertise. A multinational cartel involves multiple firms colluding to control prices or production levels, which is not the case here. Industrial countertrade agreements involve exchanging goods or services instead of currency, while a multinational limited partnership involves a formal agreement between a limited and general partner, which is not mentioned in the scenario.

McHugh Corporation of Ireland and Enomoto Enterprises Based in Japan